Saudi Arabia’s Public Investment Fund (PIF) maintained its eighth position among the world’s largest sovereign wealth funds (SWFs) by 2021-end, recent data from SWF Institute showed.
The Kingdom’s sovereign wealth fund assets increased by $30 billion to $480 billion, compared to $450 billion in October 2021.
The PIF targets to double its assets volume by 2025 to exceed SAR 4 trillion, equivalent to $1.066 trillion. Crown Prince Mohammed bin Salman recently stated that the fund aims to boost its assets to SAR 10 trillion, equivalent to $2.7 trillion, in 2030.
Elsewhere, Norway’s Government Pension Fund Global came on top position in the list, with assets standing at $1.3393 trillion.
China Investment Corporation (CIC) came in second with $1.2223 trillion worth of assets, followed by Kuwait Investment Authority ($737.9 billion).
The combined assets of the sovereign wealth funds hit $9.53 trillion from $9.23 trillion last October.
|
World’s 10 Largest Sovereign Wealth Funds in 2021 |
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|
Ranking |
Fund |
Country |
Asset ($ bln) in October 2021 |
Assets ($ bln) by 2021-end |
Change |
|
1 |
Government Pension Fund - Global |
Norway |
1339.28 |
1339.28 |
-- |
|
2 |
China Investment Corporation |
China |
1222.31 |
1222.31 |
-- |
|
3 |
Kuwait Investment Authority |
Kuwait |
692.90 |
737.94 |
45.04 |
|
4 |
Abu Dhabi Investment Authority |
UAE |
649.18 |
697.86 |
48.68 |
|
5 |
Hong Kong Monetary Authority Investment Portfolio |
China |
585.73 |
585.73 |
-- |
|
6 |
Government of Singapore Investment Corporation (GIC Private Ltd) |
Singapore |
545.00 |
545.00 |
-- |
|
7 |
Temasek Holdings |
Singapore |
484.44 |
484.44 |
-- |
|
8 |
Public Investment Fund |
Saudi Arabia |
450.00 |
480.00 |
30.00 |
|
9 |
National Council for Social Security Fund |
China |
447.36 |
447.36 |
-- |
|
10 |
Qatar Investment Authority |
Qatar |
354.00 |
366.74 |
12.74 |
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